Franklin Mining, Inc. and GDR Privée Schedule Site-Visits to
South American GTL Projects -
Oct 25, 2007
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) CEO, William A. Petty, and Gregoire de
Rothschild, principal, GDR Privée, are pleased to announce
that several lenders have requested permission to visit
planned construction sites for Franklin's first
two gas-to-liquid plants in South America.
Mr. Petty, Mr. Rothschild and representatives of several
lenders are scheduled to arrive in Santa Cruz, Bolivia
on November 9, 2007 and travel to Buenos Aries, Argentina
on November 13.
In each city, local project managers and engineers will
present multiple energy projects and tour sites selected
for constructing GTL plants.
Prospective lenders will also have an opportunity to meet
with local civil and political leaders.
GDR Privée, a New York investment bank specializing in debt
and asset based financing, has negotiated preliminary terms
and conditions for the provision of construction financing
to each of Franklin Mining's two oil and gas -
subsidiary companies.
In making today's announcement, Mr. Petty added,
"Franklin very much appreciates the support of
Mr. de Rothschild and his work on our behalf with
GDR Privée's domestic and international banking
relationships.
My goal is to identify the best possible solution to the
problem of financing our energy projects in South America.
Franklin's two oil and gas subsidiaries have done a great job
of securing the opportunities and Mr. de Rothschild and I
are exploring all options for bringing them to fruition."
About GDR Privée: In March 2007, Franklin Mining, Inc.
announced an agreement with GDR Privée to assist in
securing project financing for mining and energy agreements
in Bolivia and an energy contract in Argentina.
Additional company information is available by contacting
GDR Privée,
16 W. 45th Street, 2nd Floor,
New York, NY 10036,
(212) 382-3240.
About Franklin Mining, Inc:
Franklin Mining, Inc. has mining and energy interests in
the United States and Bolivia as well as energy interests
in Argentina.
Franklin Mining, Bolivia S.A. is a wholly owned subsidiary.
Franklin Mining, Inc. holds 51% ownership in both
Franklin Oil & Gas, Bolivia S.A.
and Franklin Oil & Gas, Argentina S.A.
Additional company information is available at
www.franklinmining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information,
please visit our website (www.franklinmining.com)
or contact our Investor Relations firm:
A. Austin & Company
1-702-386-5379
Source: Marketwire (October 25, 2007 - 8:40 AM EDT)
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